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gof tv, i'm here to discuss proposition e the city requires businesses it pay a flat 1.5 percent tax on payroll cost for work performed in the city. small businesses with less than 250,000 dollars in payroll costs are exempt from the tax. proposition e would create a new city business tax based on gross receipts rather than payroll costs. under the new system, the tax on payroll cost would be eliminated or reduced. businesses with gross receipts of less than 1 million dollars annually will be exempt from the gross receipts tax. the gross receipts tax rate would vary depending on the type of business and its annual gross receipts from its activity in the city. certain businesses that have their headquarters or administrative offices in san francisco that operate primarily in other locations would pay the gross receipts tax based on payroll costs. proposition e would require the city to phase in the gross receipts tax and phase out the tax on payroll costs over a 5 year period beginning in 2014. if the gross receipts tax revenue exceeds the revenue the city would have received unde
. and the president taking credit for positive economic aiders. and what will january's looming tax increases do to those signs of life? and a measure on the ballot in michigan could hand unions their biggest victory in years. will they make collective bargaining a constitutional right? >> welcome to "the journal editorial report." wifeless than two weeks to go, president obama and mitt romney hit the campaign trail in florida, ohio, wisconsin, colorado, and virginia. polls continue to show the race in a dead heat nationally, and too close to call, in no fewer than ten swing states but the obama campaign and its media allies are questioning whether mitt romney's recent momentum is real. joining the panel his week, dan henning gary, james freeman, dorothy rabinowitz and kim strassel. kim, tell us how real the romney surge is. >> look, paul, i know two weeks is one side increasing its advantage in both the national polls and the swing state polls. that's romney. we have seen money flowing into that side. that's romney. we have seen him improve his performance in independents and womens. you can ca
companies or the tea party, for that matter. we need a fair set of rules. i feel like our tax system is rigged by those in power and lobbyists. the plans for the future of medicare are dangerous. if we hand them over to the present health insurance companies. what you will see is somebody fighting for fairness and the voice of hard-working wisconsin families to be heard. >> governor, you have been defined as someone who is -- who hoas stopped being one of us. and you have sold out a special corporate influences. criticism has focused on will have done since being governor. do you have second thoughts about jobs you have held, you have represented? >> no. no. nobody else to say that except my opponent. she spent millions because she is no record to run on. she's been in congress of the 14 years. she did nothing while she was there issue passed three bills. i was governor of the state. cut taxes 91 times, passed welfare reform, school choice, a charter schools, but did care. senior care. all programs for the low, middle income. for everybody in the state of wisconsin dairy 90% of the p
. >> with two competing tax measures on the november ballot, what's at stake for the state and its budget strapped schools? coming up next. >>> hello. i'm al letson, in for belva davis. welcome to a special edition of "this week in northern california." with the november election just around the corner, the campaigns are heating up for propositions 30 and 38. tonight, we want to cut through the noise and try to make sense of what really is at stake for schools if one or both or neither get the green light. we'll hear from both sides in just a few minutes. plus, get some in depth analysis from two veteran education reporters. but first, we wanted to see just how bad the budget situation is in our schools. and how it got that way in the first place. pbs news hour correspondent spencer michaels takes a look. >> in schools around the state, there's a feeling that the ax is about to fall. and if and when it does, san francisco school superintendent will have to act. >> we have our doomsday plan. part of that is lopping days off of the school year. and it can be up to ten days next year. that's
in one hour, fair and balanced. what about the plan to overhaul the tax code. what is it going to mean for jobs. >> i think it's going to be great for jobs. overhauling the taxes is the thing that the governor and hopefully president romney can do. and incents, if that's a word, every individual and corporation out there. provides a path of what they're going to do, what they're going to pay and if it's simplified and overhauled, it will get rid of hopefully a lot of the special interests, which takes the government out of the intervention and provides a clear playing field for everyone. this could turn around our economy, if done soon and done right. >> brenda: jonas, we don't know exactly what kind of overhaul we would get and isn't that adding uncertainty? wouldn't that keep people from hiring? >> moreover, it doesn't really, neither plan really addresses the deficit and the need for revenues. let's leave that problem off the table and talk about the job situation. i like what romney wants to do, the code has a lot of deductions that shouldn't be there, we should just lower rates an
? >> number one data piss-off the fiscal cliff. so we don't have a severe recession but simplify the tax code. fire ben bernanke to get somebody who realizes to cheapen the dollar is not the way to wealth. >> he could force him out. >> harry truman showed you could fire the fed chairman. [laughter] as well as a general. [laughter] lou: none of that has the immediate effect of those who have suffered under this administration. those who don't have a job and are underemployed giving up then we have a grou of ceos speaking up for the multinationals we would like to go to the simpson thing. we want to raise taxes. reject it -- rejected by both republicans and democrats. we hear from business leaders they come up with this. >> how low do the fine balance? i will take that. remove the tax shelter and cut the top rate. >> rahm it -- romney is already proposing nonsense. >> we have a huge tax increase already slowing the economy down. to the clutter the tax code everyone can declare victory like 1986. we took the jump out and got the rates down. get those down sharply. >> he will be the president. >>
some ideas forward about tax cuts and job creation. those who are undecided or leaning toward obama are saying they want to know how he gets this done if he has the same makeup of congress the second time around. he spent so much time saying congress has been the impediment. these candidates are spending millions of dollars on this home stretch. we're seeing it here in central florida. it's remarkable. we're going to north carolina next, and then virginia and finally ohio. right now, you've done the math a million ways, what matters the most? which matters the most? >> you're in florida right now and right now it is leaning also slightly towards mitt romney. that is a good sign for mitt romney. you're heading up to north carolina, right now we have flipped that to mitt romney's call just this past week it was a tossup state well, decided to turn it into a mitt romney win or at least that's what we think right now. it boils down to two very important states, virginia, very important state for mitt romney. he has to win it. but more importantly, he has to win ohio. >> candy, good to s
. and the best way to do that is to reduce the employer's side of the payroll tax. for new job hires. in fact, they did go to a version of that. and but that's an example. the president has other proposals for credits, for particular kinds of businesses to create jobs, a new deduction of salary costs for new hires. or increases in pay. you know, i don't know that the particular designs of these policies from my perspective are ideal. i do know that that's speaking about the problem and saying hey we've got a real problem with job creation. the economy on its own is not doing this for some reason. we will eventually figure out the underlying reason. in the meantime, how do we stimulate it? look, there are other -- i've had this -- at the job summit i had a discussion with alan blinder an old friend of mine. he had a different approach. he said public jobs. public works. 1930s. i don't think we're there yet. i don't think we could ever do it. but we would certainly could -- can justify, and indeed there is a demand for an increased investment in infrastructure across the country. and they creat
to cut tax rates and pay for it by closing loopholes. two. he wants to increase defense spending by about $2 trillion over ten years. and three, he says he'll balance the budget at the end of his second term. let's start with the tax cuts. >> i want to bring down rates. want to bring the rates down, at the same time, lower deductions and credits so we keep getting the revenue we need. >> romney's across the board tax cut of 20% is $5 trillion worth. now, romney plans to close loophole to pay for it. we just don't know which wups, so we had to take some liberties on the map here. the joint committee on taxation did one test study and i have it right here. keep in mind, this was done based on current law, which assumes the bush tax cuts expire at the end of the year. they concluded that revenue neutral tax reform would permit a 4% decrease in all ordinary income tax rates. now, that's not close to 20%. now, let's get to the second thing. adding more than $2 trillion to defense spending. according to analysis conducted money, romney will add $2.1 trillion in defense spending over a decade. n
on board of supervisors file no. 120965 [business and tax regulations code - prevent termination of payroll expense tax exclusion for small business net new payroll if voters adopt gross receipts tax]. this is ordinance amending the san francisco business and tax regulations code article 12-a by amending section 906.5 to prevent the payroll expense tax exclusion for small business net new payroll for years 2012 through 2015 from terminating in the event the voters of the city and county of san francisco pass a gross receipts tax. and your binder is the file number legislative digest, and we have a presentation by margo kelly, legislative aid to supervisor mark farrell. >> welcome. >> again, i'm a legislative aid to supervisor farrell. i'll be speaking on behalf of him today. the legislation that is before you today, it's clean-up legislation to supervisor farrell's payroll expense tax exclusion that was before this commission earlier this year. the original intent of the original legislation was for small businesses to take advantage of this from 2012 to 2015. and it was actually drafted be
out of the prate sector if the bush tax cuts go away. 100 billion of government spending that would stop under the sequestration. do those numbers sound about right to you and is there a multiplier at work here? does it matter more if you take money away from the consumer in forms of evaporating tax cuts or the government spending? >> well i don't know that it matters more over the period of a couple of years but the immediate effect is that the tax increases will take effect. and people have to pay the tass and spending will go down. i don't know that sequestration will click in as quickly as people say. there will be a reduction in ending over the course of the year but i don't know that it will happen as qukly. there is a real danger the tax increase could throw us right into recession. melissa: right. you yank $200 billion out of the hand of the private ctor, what does that immediately do to gdp? at's what we're talking abt here today. we're talking abou the gdp number. this would be just taking a hammer to that. >> it would be 350 billion. good for about 2%. it would happen pre
proposition a is a temporary 8-year, $79 parcel tax on properties in san francisco. and that money would go directly to supporting city college of san francisco. city college is the largest work force training center in san francisco. we train students. we also help students learn english as a second language and then of course one of our primary missions is to help students, particularly low income and underserved students, move on to 4 year institutions. we serve nearly 100,000 students in san francisco and are a tremendous resource, we think, for san francisco. the last couple years the state budget cuts we faced, $53 million in the last 3 years alone, have really made it a challenge for us to keep our doors open for san francisco students and this proposition a would make a tremendous difference in addressing our fiscal problems right now. >> understood. thank you. starchild, can you present some of the thoughts around the opposition? >> sure. we all believe in people getting an education and having those opportunities be affordable and accessible to them, but city college's financ
this point. the adcdos who came out and said you have to raise taxes. does that puncture the balloon of the entirety of the logic of mitt romney. >> it may puncture it if you want to analyze this in logical terms. >> eliot: you're not saying logic is not in politics. >> i don't think it is right now. you may have fired an aide who wrote a speech like that. i think romney is quite wise not to. the banality of what he says is central. he does not want to spell out what he's going to say. we all point out the budget mass isn't this. that's because he doesn't want it to be there. he wants to talk in glowing generalities and allow everyone to allow mitt romney to be whoever they would like him to be. >> eliot: this is vapid by design. >> oh, yes they change the law and make the crimes legal. this is what obama understood in april of '08. he nailed it. he said these guys changed the rules of the game. allowed them to operate by like bandits, and it was done under george w. bush's watch. there isn't difference between romney and bush. >> that raises the critical question. why doesn't the ro
for decades. commercial property owners have been on a tax holiday through the reagan and bush era and have received benefits it is time for us to properly tax commercial property owners here in san francisco so that we can make-up for the lack of funding that we receive from the state. i plan to do that by instituting a commercial rent tax in san francisco. san francisco needs to be a culturally sustainable city and environmentally sustainable, restoring uni, uni has had a structural budget deficit. we need supervisors who are going to have the political will to find the resources to fully fund our mta system. i am looking at a number of options from congestion pricing to a downtown transit tax assessment district to even a local gas tax or a local vehicle license fee so that we can fully fund our uni system and stop fixing the buses with duct tape and have a first-class transit system in san francisco. another way that we can be a leader is to encourage people to get out of the cars and on to bike by developing a 100 percent renewable infrastructure and making green building and agricultu
. said he's all about fighting for the middle class. says he cut taxes for everybody. and ask something from nobody, but the problem is we heard those promises before. keep in mind, governor romney lives a few miles south of here in the state of massachusetts. love massachusetts. [ cheers ] but during governor romney's campaign for governor down there, he promised the same thing he's promising now. said he'd fight for jobs and middle class families, but once he took office, he pushed through a tax cut that overwhelmingly benefited 278 of the wealthiest families in the state and raised taxes and fees to middle class families to the tune of $750 million. does that sound familiar to you? when asked about this, he says these weren't taxes, these were fees, but keep in mind, there were higher fees to be a barber, higher fees to become a nurse. there were higher fees for gas. there were higher fees for milk. there were higher fees for blind people who needed to get a certificate that they were blind. he raised fees to get a birth certificate which would have been expensive for me. [ applause
budget cuts in the state's education system. if the governor's tax increase measure goes down in defeat. coming up, not one but two different class schedules. the uncertain future facing students at one bay area community college and why it depends what happens election day. >> bart leaders showed off a milestone today in the warm springs extension project. here's an underground look as they walked the subway tunnel this morning. the new section runs under lake elizabeth and will eventually reach san jose. the bart station is expected to open in the fall of 2015. >> several bay area hospitals are teaming up with local farmers to bring fresh fruits and vegetables to improve hospital food. thousands of pounds of fresh produce. the executive chef tells the business times the healthy eating program is expected to expand each growing season. >> chevron is making a multi- million dollar commitment. not to refurbish refineries. the political cost the bay area's biggest oil producer is backing. >> back here, fog free along the coast. this weekend is going to be warmer. we'll also look at detroi
the 1%, and in return, we're trying to, you know, keep the tax rates low and no tax hikes so that makes us, in a weird way, backed into a corner defending the 1 #%. that makes us look like we defend the special interests. neil: if that's the case, and, i mean, i know you argue it's not true, come back at say, well, why are you taking money from the same group that is last time we checked the 1%. >> it's the obama spin. a lot of teem -- a lot of people are not like you into the news. everybody catches glimpses, short 30-second 1-minute adds, and they think that obama -- neil: they can see pot meet kettle; right? they can see hi hypocrisy; righ? >> they can. i think this happened with libya. they are seeing, wow, you are not here to protect this. the policies really do not work. i don't think the people are neil: interesting to me, and i don't cast on anyone, but if you make it a point and call the other guy a bs in "rolling stopes," make your you're not. be that as a may, a lot of money in the race. do you think mitt romney will be the billion dollar man? >> oh, absolutely. neil: where i
to prison for tax fraud. >> no end to the killing in syria as a massive car bomb explodes in damascus. >> and two iranians when the european parliament's procedures human rights award. -- two iranians went -- win the european parliament pose a prestigious human rights award. for one of europe's most colorful and -- one of europe's most colorful and controversial politicians has been sentenced to prison for tax fraud. >> a court in milan has convicted former prime minister berlusconi of defrauding the italian government of millions of yours in unpaid taxes. remedy court gave him a four- year term and said berlusconi had shown a natural capacity for crime. berlusconi's lawyers condemned the verdict and promised to appeal. >> berlusconi has dominated italian politics for nearly 20 years, perhaps in anticipation of the jail term. earlier this week, berlusconi said he would not contest the next election. although given a four-year sentence, and was immediately reduced to one year due to an amnesty law from 2006. berlusconi was also fined 10 million euros and then form -- from holding publi
to start paying taxes in both states. ohio? >> ohio remains beyond romney's grasp at this point in large part because obama is doing better there with white voters than he has across the country, and in the northeast of ohio, the auto bailout made a difference i. it is so much of a problem that rob portman, introducing romney in defiance, ohio in front of a huge crowd, said that "we have got to talk about this auto bailout tonight." they are still trying to explain. >> can romney win without ohio? >> yes, but it will be a tough one to reach. but it is still very close race. >> virginia? >> virginia will still probably end up in obama's camp. >> i look at the polls, and romney is up on average -- >> you can take your calls in virginia, because another poll shows obama is up in virginia. even with the heavy onslaught by romney, it still shows the northern virginia area still pretty much supports barack obama. >> new hampshire could be in play. >> new hampshire traditionally was a republican state. it only presidentially became a democratic state recently . >> then bartlet came along. >> th
. an electronics business. and he said that he and his son calculated how much money they were paying in taxes of what they earned. now, it is not a big business. four people, four employees. he said when they calculated their income tax, and then their payroll tax, and then their state income tax, then their gas tax, and then their real estate tax, it was over half of what they made. and he said think about this, we take a big risk to start a business. and then if we're one of the lucky ones where the business succeeds, the government wants to take half of what we make. so what i want to do, i want to lower the tax rates for small business. [ cheers and applause ] >> and i want to -- i want you to know, for business to work you have to have regulations and rulings. but i want to reportings to recognize their job is not just to catch the buy guys, as important as that, is, but also to encourage people -- small business has something right now that scares the dickens out of them. and that is obama care. that is one reason we have to get rid of it. now, for us though do those five things, is goi
, there were two things. one was obviously large reduction in taxes. and the second was not so much deregulation as an explicit policy of very lighthanded regulation. now, to me that actually goes both of them go more to the financial crisis as contributing factors in the financial crisis than in what happened in the to jobs and wages. i think -- i used to say -- i didn't really blame bush for what happened to incomes and jobs. i blame him for not trying to figure out what was happening. that, you know, a lot of us know president clinton -- if bill clinton had any -- had seen the jobs record that was emerging under bush, after a year he would have called everybody in his office and said what the hell is happening? do something about it. and there was certainly no sense of urgency about that. and what could they have done? see, these were new conditions. and so i wouldn't say that it was the policies rather it was the absence of policies to respond to the new conditions. >> to be clear the shift in tax. the two bush tax cuts are no more significance than the reagan era taxes and the
february, oh, he has got to release the tax returns. guess what he hasn't released the tax returns and he is not going to do the next ten days. they telegraph the etch-a-sketch punch six months ago. they said he was going to start lying. and he started right on schedule. and he has gotten away with it. so why wouldn't he get away with chloroforming the crypt keeper and bringing john sununu back. [ laughter ] >> jennifer: i don't know that you can top that karl so i'm going to flip the conversation for a second because the president has been making himself available. >> right. >> jennifer: and one of the things he did today was he went to an interview with mtv. and i want you to listen to what the president said today about gay marriage. >> obama: for us to try to legislate federally into this area is probably the wrong way to go. >> jennifer: now there were some on the left who were critical of that -- of those statements. do you think -- how do you think that is going to play with the gay democrats who have been really supportive of the president. >> i don't think they
'o% san francisco, to eliminate the payroll tax that penalizes job creation and to establishs#" green jobs and other workforce training programs. to reduce travel time traffic and pollution, i fought foro new five fulton limited which will start next spring and for the#z geary bus rapid transit. i helpe of the geary 38 limited andol÷ supported throughout the city especially for safer biking for.v ÷: families. tor"!ñ provideñtp&ity&nspñ opportunities for all of our children i fought:fñ÷(súñ to3$zq establish universal access/
mentioned his a significant impediment to the economy. if we see very large increases in taxes, and by the way, never liked the work fiscal cliff because it tends to but still lower spending with higher taxes. most of the problem is on the tax side, not thespending side. if we don't get that fixed we're going to have the very significant drag on this economy , sufficiently significant that we cold go into a recession. gerri: the national association of manufacturers out with a study showing that if everything does stay in place we will get unemployment at 12%, lose 6 million jobs. the report even says that the threat of the fiscal cliff cut half a percent of the gdp this year. the impact is already there. it will mean fewer jobs, less robust economy. the you think they are talking up the story are too pessimistic , do you think they're right on target? >> well, i would not doubt for their numbers, but i certainly agree with the direction that they're talking about. there is no question that it is not just uncertainty. it is the concern that we will have higher taxes and taxes o
to increase taxes, where, where governor romney is not if he's elected presint. that's an important issue distinctiont coming into the last debate, the annenberg survey showed that the public thought that governor ct romney was more likely to take the country into a war, than was president obama. but the public also believed that president obama had gone around the world apologizing. now in the last debate, governor romney reassured that he was not as likely to take people into war as they had thought in that debate. and i think that was a calculated strategy on his part. now, you could say, "and it was illegitimate. you secretly know that he was more likely." but nonetheless, what we can measure is whether they get what he said he was going to do in the context. and i think that president obama responded to the apologizing around the world claim in a i mber of ways that were effective as well. and i think one of the things that we can say about debas making a difference is that, had there been debat in the i ldwater/johnson election, had there been debates in the mcgovern/nixon election
into buyers. >> tom: then, from tax hikes to corporate earnings worries,o tonight's "market monitor" guest says investors are facing a cliff of concern. robert stovall of wood asset manament joins us. >> susie: that and more tonight on "n.b.r."!me >> tom: the u.s. economy actually sped up in the third quarter, surprising economists and maybe you too. thanks to a pick-up in spending by conumers, the federal government and the housing c sector, the gross domestic product grew at a 2% annual rate in july through september. that 2% pace was stronger than expected and much better than what the economy experienced in the second quarter. suzanne pratt takes a closer look at the data and what it suggests about the economy the final months of this year. >> reporter: an economy growing at a 2% annual rate is hardly anything to celebrate. sure it could've been worse. but, clearly at three-years post great recessi , it should be a lot better., experts call it a side-ways economy, one that is unabltona create enough jobs to bring down the nation's stubborn unemployment rate. but, people on the streets
on a shopping spree in the third quarter, shrugging off the threat of higher taxes next year. businesses, on the other hand, pulled back sharply on their spending, the first cutback in business investment in more than a year. and that has some economists concerned. >> business spending in particular was sort of alarmingly soft. and, that's where we're starting to see the effects of the fiscal cliff and the uncertainty associated with it. >> reporter: it also suggests that the economy will slow in the final quarter of this year, as companies continue to postpone purchases of everything from software to new machinery. >> i think in the current quarter we could see growth that's a little bit softer, a little bit below 2%, primarily because it looks like business investment could be even weaker. and, this is based on orders for capital equipment. >> reporter: as for how the u.s. economy will fare in the first part of next year, that's really anyone's guess. estimates for q1 g.d.p. range from negative to positive numbers, and that uncertainty is due to the fiscal cliff. suzanne pratt, "n.b.r.
. newspapers called it "economically destructive." like allen's votes to give tax breaks to companies... that ship jobs overseas, his economic plan would... help big corporations, devastating the middle class. allen even voted against tax breaks for small businesses. virginia can't afford to go back to george allen. the democratic senatorial campaign committee... is responsible for the content of this advertising. >>> family, friends and fellow officers celebrated the life of a prince georges county police officer today. outside st. stephen's baptist church in temple hills, a silent salute to the officer kevin bowden. officer bowden died last week when an suv collided with his cruiser in clinton, maryland. off duty at the time. the 28-year-old is survived by his wife and two children. >>> charles county police are increasing patrols and handing out flyers in hopes of solving a deadly shooting in waldorf. it happened last night. police say a husband and wife were shot while walking their dog. that was last night, and it was near the high school, west lake high school. the woman was kil
." like allen's votes to give tax breaks to companies... that ship jobs overseas, his economic plan would... help big corporations, devastating the middle class. allen even voted against tax breaks for small businesses. virginia can't afford to go back to george allen. the democratic senatorial campaign committee... is responsible for the content of this advertising. when we think no one is looking. is what we do... mitt romney: believe that they are victims. anncr: mitt romney thought no one was looking when... he attacked forty-seven percent of americans. his companies shipped jobs overseas. his plan cuts millionaires' taxes, but raises yours. he'll voucherize medicare... and make catastrophic cuts to education. so remember what romney said... and what his plan would do. president obama: i'm barack obama and... i approve this message. >>> we are following breaking news in waldorf, maryland. a man and woman were shot while walking on a path behind westlake high school. one of them has died and tonight the shooter is still on the run. fox 5's audrey barnes on live on the scene. what happe
ma close held over the republicans and they didn't blink. >> he wants to pressure a tax increase or defense cuts and the thinks, understandably, -- he hopes they'll go for a tax -- democrats were willing to risk some domestic spending cuts. so, kim, how is this playing on the campaign trail? mitt romney is trying to make hay with this defense issue in states like virginia, new hampshire, and ohio. >> and that is unfortunate for the president and they have been worried about that, which is why the administration was advising defense companies not to send out legally required layoff notices which were due to hit before the election because they werewide bet the fallout in places like virginia, new hampshire, north carolina has a big defense industry. and you're seeing mitt romney now running ads, talking about the sequester, laying this back on the white house's lap. you're seeing senate candidates, like george allen, hitting this very hard and this is not necessarily helping the white house on at the trail right now. >> you think this is a winner for romney. >> to the extent it ha
Search Results 0 to 49 of about 188 (some duplicates have been removed)